At the last check on Monday, Envestnet Inc.’s (NYSE:ENV) stock was down -$4.65, moving down -7.77 percent to $55.16. The average number of shares traded per day over the past five days has been 639,760 shares. 1 time new highs have been achieved over the past 5 days, with a -$6.19 fall in that time frame. In the last twenty days, the average volume was 434,980, while in the previous 50 days, it was 426,060.
Since last month, ENV stock retreated -4.10%. Shares of the company fell to $52.20 on 08/04/23, the lowest level in the past month. A 52-week high of $69.22 was reached on 02/08/23 after having rallying from a 52-week low of $41.72. Since the beginning of this year, ENV’s stock price has dropped by -10.60% or -$6.54, and marked a new high 10 times. However, the stock has declined by -20.31% since its 52-week high.
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ENV stock investors should be aware that Envestnet Inc. (ENV) stock had its last reported insider trading activity 37 days ago on Jun 29. Cooper Barry D., the SVP, Head of Accounting Mgmt. of the company, disposed of 690 shares for $58.19 on Jun 29. It resulted in a $40,151 divestment by the insider. Turner Barbara added 2,000 shares at an average price of $54.39 on Jun 21. The insider now owns 3,534 shares following the transaction. On Jun 12, Chief Executive Officer Crager William sold 7,250 shares at $53.68 apiece. The transaction was valued at $389,180.
Valuation Metrics
The stock’s beta is 1.25. Besides these, the trailing price-to-sales (P/S) ratio of 2.49, the price-to-book (PB) ratio of 4.12.
Financial Health
In the three months ended March 30, Envestnet Inc.’s quick ratio stood at 0.70, while its current ratio was 0.70, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.20, and the total debt-to-equity ratio was 1.27. On the profitability front, the trailing twelve-month gross margin is 62.80% percent. In the year ended March 30, EBITDA margin amounted to 8.53%, whereas operating margins totaled -5.80%. Based on annual data, ENV earned $771.32 million in gross profit and brought in $1.24 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -4.40%. Return on equity (ROE) for the past 12 months was -12.90%.
In Envestnet Inc.’s quarter-end financial report for March 30, it reported total debt of $872.97 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ENV’s revenue fell -7.58% to $292.87 million during the quarter, while net income inched up to $298.71 million. While analysts expected Envestnet Inc. to report $0.44 quarterly earnings, the actual figure was $0.46 per share, beating the consensus estimate by 4.50%. During the quarter, the company generated $21.88 million in EBITDA. The liabilities of Envestnet Inc. were 1.32 billion at the end of its most recent quarter ended March 30, and its total debt was $1.04 billion. The value of shareholders’ equity is $54.4 million.
Technical Picture
This quick technical analysis looks at Envestnet Inc.’s (ENV) price momentum. With a historical volatility rate of 39.50%, the RSI 9-day stood at 21.51% on 04 August.
With respect to its five-day moving average, the current Envestnet Inc. price is down by -10.09% percent or -$6.19. At present, ENV shares trade -4.78% below its 20-day simple moving average and +1.96% percent above its 100-day simple moving average. However, the stock is currently trading approximately +1.75% above its SMA50 and +20.83% above its SMA200.
Stochastic coefficient K was 25.03% and Stochastic coefficient D was 37.40%, while ATR was 2.09. Given the Stochastic reading of 26.64% for the 14-day period, the RSI (14) reading has been calculated as 31.69%. As of today, the MACD Oscillator reading stands at -2.24, while the 14-day reading stands at -2.69.
Analyst Ratings
Envestnet Inc. downgraded its rating on Envestnet Inc. (NYSE: ENV) to an Outperform in a note to investors on January 06, 2023. The analysts firm previously had a Strong buy rating on the stock.Envestnet Inc. (ENV) has been rated Overweight by analysts. According to 1 brokerage firm, ENV is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Envestnet Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $72.00, the current consensus forecast for the stock is $47.00 – $80.00. Based on these forecasts, analysts predict Envestnet Inc. (ENV) will achieve an average price target of $68.57.
